and whether it's the u.s. fiscal cliff, people negotiating in greece, or in the uk when finance ministers say, oh, there's a catastrophe around the corner, there usually isn't. and saying that makes things worse. one can't deny there could be a set of circumstances in which the bond vigilantes wake up and say dumpster link. but at the moment there's no reason to think that's been happening. sterling has been stable for three plus years now since the end of '08. interest rates remain low. plenty of opportunity for capital to leave the uk. it's not. and meanwhile the growth strategy is missing because the tax strategy is in-company here ept. in the end, austerity is only good insofar as you're actually paying for the right things an cutting the right things. >> so we cut investment spending but haven't cut welfare spending. >> exactly. which is the wrong way around. but even then if you want to do tax cuts to stimulate the economy, why are we doing tax krets. that's been on the table forever. >> why do you think